Miller Tabak Upgrades Tyson (TSN) to Buy
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Tyson Foods (TSN) Prices 23.8M Common, 30M TEU Offering
July 31, 2014 9:49 AM EDTTyson Foods (NYSE: TSN) has priced its concurrent public offerings of 23,810,000 shares of its Class A common stock at $37.80 per share and 30,000,000 of its 4.75% tangible equity units, with each tangible equity unit having a stated amount of $50. These offerings are separate public offerings made by means of separate prospectus supplements under Tyson Foods' effective shelf registration statement and are not contingent on each other or upon the consummation of the Hillshire Brands Acquisition discussed below. Each offering is expected to close on August 5, 2014, subject to customary closing conditions.
The company has... More
